OECD Economist Boone: Heading Slowly Towards Lower Growth

The transcript discusses global economic challenges, focusing on low growth due to trade conflicts and the need for government fiscal spending, particularly in Europe. It highlights China's economic transition towards consumption and the importance of leveraging low interest rates for infrastructure investment. The impact of oil price fluctuations on global economies, especially emerging markets, is also examined.

What is the primary risk to global growth mentioned in the first section?

• Rising unemployment

• Technological advancements

• Trade conflicts

• High inflation rates

What fiscal measure did the Netherlands implement to boost investment?

• Tax cuts for corporations

• Increase in public sector wages

• Draft budget with fiscal support

• Reduction in VAT

How is China's economy changing according to the third section?

• From a consumption-oriented to an export-driven economy

• From a technology-focused to an agriculture-focused economy

• From a service-based to a manufacturing-based economy

• From an export-driven to a consumption-oriented economy

What is the impact of oil price fluctuations on global growth?

• Elevates uncertainty and undermines growth

• Decreases uncertainty and boosts growth

• Has no significant impact on growth

• Increases investment and growth

What is the recommended action for governments in response to low interest rates?

• Invest in infrastructure

• Focus on monetary policy

• Reduce public spending

• Increase taxes

What is the potential impact of a $20 rise in oil prices per barrel?

• No impact on growth

• 0.2% decrease in growth

• 0.5% increase in inflation

• 0.2% increase in growth

Which economies are disproportionately affected by oil price shocks?

• Developed economies

• Emerging market economies

• Oil-exporting countries

• Technology-driven economies